How Can Your Story Be Monetized?

Ron Watermon • February 24, 2022

There Are Many Ways To Monetize A Story

Clayton, Missouri - February 24, 2022 - While I wouldn't describe myself as the foremost expert on selling stories, I have helped a brand make millions off their story. My path through the St. Louis Cardinals organization helped shape my thinking in profound ways.

Major League Baseball teams are infinitely creative when it comes to thinking of new ways to make money. The St. Louis Cardinals are among the industry leaders. When I look back on my time with team filtering things through the lens of the founder of an innovative startup company on a mission to bring storytelling to all, I can't help but see the creative ways you can monetize a story.

The most fun I had while working with the Cardinals was when I worked on what I called the "memorabilia project". Since we had to privately finance the new ballpark, we were absolutely shameless in finding ways to monetize the end of an era with what we called "Busch II." For the record Busch II wasn't George W. Bush. It was the second Busch Stadium. Few fans realized that Busch Stadium wasn't the second Busch as they fondly remembered the prior stadium as Sportsman's Park.

I had a blast working with my colleagues Vicki Bryant, Missy Tobey (now Liotta) and Mark Lamping on coming up with all kinds of creative ways to monetize the end of that era. We sold seats, seat backs, section signs, bases, dirt and even a urinal (made the top 10 weirdest sports stories of the year on ESPN). Some would say we were shameless. For the record, I loved it. Have William H. Macy play me in the movie version.

What I learned then - and know now at a DNA level is we where really selling story. We were monetizing the collective story of the team. I say collective because it is shared with the fans. Nothing could encapsulate the symbiotic relationship between a team and fans than how fans brought sharpies to the ballpark to sign their name on virtually everything.

I'll never forget how we had to find a product to remove sharpie off seats. We bought a bunch of spray cans from Granger and were shipping it to fans who were calling Missy and me to vent about how their seats had graffiti on them. Anyway, I don't want to digress too much into my memories about that special time other than to say the memorabilia gets its value from the word "memory". Which I would say is "story".

Someone paid $1 million to buy the baseball Mark McGwire hit as home run number 70 in 1998 because of the story. At that moment in time, the investor thought a Rawlings baseball that likely retailed for $25 was worth a million dollars because of the story.

Stories can be sold. When we did a high-end auction that last season in the old stadium, we spent a lot of time writing detailed descriptions about items for sale to sell the story behind the item. Collectors are buying the story in addition to the ephemera.

Collectibles are just one example of selling a story. That is why StorySMART is developing a NFT (non-fungible token) approach to our digital video work for celebrities, athletes and others. It is just one way someone can monetize their story. Selling their documentary to Netflix is another.

How can a story be monetized? It is almost limitless. Just ask Walt Disney, George Lucas or J.K. Rowling. Stories have probably been sold since cave people started putting them on the cave wall. Maybe before.

The ability to monetize your story is only limited by how well it is told, your imagination and market economics. StorySMART exists to help you tell it in an amazing way and to help you make the most of it (including monetizing). While developing monetization approaches for clients may help fuel the growth of StorySMART, that isn't why I am so passionate about what we are doing to help clients.

The real value in a story isn't pecuniary. It is about connecting with an audience. Stories build and deepen relationships. They can ratify that sense of belonging.

That said, some stories can be sold. For a lot of money. I just finished watching "Inventing Anna" on Netflix. It is based on a true story of a woman who ran up more than $200,000 in unpaid bills and is facing deportation. Netflix paid her $320,000 for the rights to her story. One of the people that claims she (Rachel) was victimized by Anna sold her story for $600,000.

Anyway, you get the idea. A good story can be sold if it is told well and there is a market.

StorySMART's mission is to help clients make the most of their story while also ensuring they retain the IP (intellectual property) rights so they can do whatever you want with it. Give away. Sell it. Lock it away in a time capsule to be shared a hundred years after they die. You name it.

Savvy brands are figuring out that owning the rights to their story and taking control of their narrative is mission critical. That is why we have developed premium services for businesses, non-profits, celebrities, athletes, families and individuals.

I'm really excited about the various ways we will be helping clients monetize their story.

We will be helping clients develop their story in to full length feature documentaries that we expect to sell to streaming services. We also expect to be helping some of clients create limited edition NFT (non-fungible token) collectibles and take full advantage of augmented and virtual reality storytelling.

The limits to how a client could monetize their story are only limited by creativity and market demand.

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There are moments in your career that don’t feel particularly significant at the time, but years later, you realize they changed everything. The television show we started when I was with the St. Louis Cardinals, Cardinals Insider, is now heading into its 11th season. In an industry where most things don’t last, there’s something meaningful about building something that endures. While I've already shared the story of how the show almost didn’t happen, what’s been on my mind recently is what we were doing before it ever aired. For me the show was never the starting point, it was a destination on a journey that began seventeen years ago when I decided to fully commit to becoming a brand journalist. A Baseball Brand Journalist When I moved over to the Baseball Operations Department to work with our Media Relations team in September 2009, the media landscape looked very different than it does today. Social media was still in its infancy. We had exactly one platform we controlled, Twitter, and even that was a bit of a mess. Our account was @MLBstlcardinals, while Major League Baseball operated @stlcardinals out of New York. It was confusing for fans and limiting for us. But it also created an opportunity. Instead of waiting for others to tell our story, we decided to start telling it ourselves. Not as marketers, but as actual storytellers. More specifically, we adopted a mindset rooted in journalism. The fundamentals I learned years earlier in college—who, what, when, where, why, and how. The discipline of getting it right. The importance of clarity, structure, and credibility. We weren’t trying to spin the story. We were trying to tell it honestly, accurately, and from a clearly defined point of view. That point of view mattered. We made a promise to our audience: we would cover the team like journalists, but from the inside. We weren’t going to pretend to be something we weren’t. We were insiders. That was the advantage. And instead of hiding from it, we leaned into it. At the same time, we understood the responsibility that came with that position. We didn’t need to be first. We needed to be right. That meant establishing standards. It meant covering the good moments like the wins, the milestones, and the behind-the-scenes access fans couldn’t get anywhere else. But it also meant not ignoring the harder stories when they arose. Credibility was always at stake, and we treated it that way. I knew were building something. A system. A mindset. A way of approaching storytelling that went beyond promotion and into something far more durable. Over time, that approach evolved into a weekly TV show that’s still on the air more than a decade later. But none of that happens without what came first. The decision to think as brand journalists with a point of view. Brand Journalists with a Point of View What we were building in those early days didn’t look like much from the outside. There was no studio. No formal production schedule. No distribution strategy beyond posting to social media and linking out to photos and video. In fact, some of the earliest tools we used would feel almost laughable today.
By Ron Watermon April 2, 2026
St. Louis, April 1, 2026 - Last week I had one of those “ no shit, Sherlock ” moments where the obvious hits you all at once. I was thinking about Opening Day. Like I’ve done the past few years, I planned to share a throwback post from ten years ago. I dig into my photo archive, find a few cell phone images from seasons past, and put something out on social media. Posting doesn’t come naturally to me. I know that sounds ironic given what I do now, but I’ve never been particularly drawn to self-promotion or the performative nature of those platforms. After all, I’m a middle-aged introvert, not some Gen Z dude who grew up with social media and enjoys showing off. I hate shameless self-promotion and bragging. That said, I have a fellow Gen X friend who has been chirping at me for years to share more about my time with the St. Louis Cardinals. I headed her advice and started digging. What I found stopped me. As I worked my way through old photos, I realized that 2016 wasn’t just another season. It was the year we honored Lou Brock and the year we launched Cardinals Insider, the television show I developed and produced during my time with the club. That’s when it hit me. It has been a decade. And the show is not only still around— it’s thriving . I must tip my cap to my colleagues at the Cardinals as they have continued to invest in it, expand it, and build on the foundation we put in place back in 2016. It is truly remarkable. Seeing that now as I’ve transitioned my business into filmmaking, hit me in a profound way. It was literally an “aha” moment. Like a lot of entrepreneurs and creatives, I’ve wrestled with self-doubt. You question whether you’re on the right path. Whether the work you’re doing is building toward something. Realizing that this show that I fought to make happen has now run for more than a decade was affirming. Because the vision was never small. From the beginning, the goal was to build something self-sustaining that would continue to grow and evolve long after I was gone. And it has, big time. That realization couldn’t have happened form me at a better time.
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